Job Description
About the Agency:
The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city's neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.
We maintain building and resident safety and health
We create opportunities for New Yorkers through housing affordability
We engage New Yorkers to build and sustain neighborhood strength and diversity.
HPD is entrusted with fulfilling these objectives through the goals and strategies of "Housing Our Neighbors: A Blueprint for Housing and Homelessness," Mayor Adams' comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city's history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City's complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
Your Team:
The Office of Development leads the implementation of the Mayor's Housing Plan to create or preserve 300,000 units of affordable housing by 2026. This is performed in close collaboration with HPD colleagues, other City and state agencies, and the New York City Housing Development Corporation (HDC).
The Office of Development is composed of nine divisions:
Executive Office Operations and Policy
Division of Compliance and Enforcement
Division of Housing Incentives
Division of Building & Land Development Services
Division of New Construction Finance
Division of Homeownership Opportunities & Preservation
Division of Preservation Finance
Division of Special Needs Housing
Division of Portfolio Management and Conversion
Your Impact:
The Inclusionary Housing ("IH") Program, operating within the Office of Development's Division of Housing Incentives, administers the Universal Affordability Program (UAP), Voluntary Inclusionary Housing (VIH), Mandatory Inclusionary Housing (MIH), Privately-Financed Affordable Senior Housing (PFASH), and Cure programs (collectively, the "IH program") and is instrumental in the implementation of the City of Yes for Housing Opportunity.
The IHnclusionary Housing Program promotes economic integration in areas of the city undergoing substantial new residential development by offering an optional floor area bonus in exchange for the creation or preservation of permanently affordable housing. This fast-paced program operates under tight deadlines and deals with highly complex, technical, and politically sensitive issues, and relies on both the technical and strong leadership skills of the Deputy Director of Inclusionary Housing to help meet the agency's goals effectively.
Your Role:
Under the direction of the Director of Inclusionary Housing, Universal Affordability Program and g and the Assistant Commissioner of Housing Incentives, the Deputy Director guides and oversees all Inclusionary Housing transaction activities, with a focus on UAP. The Deputy Director is responsible for managing a portfolio of projects from pre-development through completion of construction, in order to facilitate the development of permanently affordable housing that is financially feasible and compliant with the New York City Zoning Resolution. To do so, the Deputy Director will also assist in supervising a team of Project Managers and Senior Project Managers, including several recent hires, and in interacting with a variety of public and private partners on complex multi-family real estate transactions. The Deputy Director of IH should be an individual with specialized planning, zoning, policy, analytical, underwriting and negotiating skills, essential to supporting the division in addressing the increased volume of requests to perform complex financial analyses on private re-zonings and special projects that are seeking City subsidy.
Your Responsibilities:
In collaboration with the Director of Inclusionary Housing, UAP, Assistant Commissioner and senior management, oversee the development and implementation of Inclusionary Housing programs to meet the goals of Housing Blueprint, Mayor'sCity of Yes for Housing Opportunity and other initiatives Housing Blueprint and other initiatives.
Oversee and manage transactions in the IH Program pipeline, and ensure timely reviews, efficient closings and completions, operational effectiveness, and compliance with regulations, policies and procedures.
Oversee aspects of IH projects including but not limited to:
Financial feasibility analysis and comprehensive underwriting review
Zoning analysis: ensure projects are in compliance with all applicable sections of the Zoning Resolution and Rules of the City of New York.
Perform due diligence in accordance with HPD's Integrity Review policies and procedures
Direct and conduct complex technical analyses related to the IH programs.
Establish and maintain effective working relationships among staff, internal and external partners and stakeholders, and the general public.
Manage and train staff, including establishing appropriate productivity measures, supporting staff in achieving programmatic and agency goals, promoting collaboration among staff, promoting high achievement and skill development/progression, overseeing staff in their performance of their responsibilities, and evaluating and providing constructive feedback to staff.
Ensure quality control across all staff deliverables.
In collaboration with the Director of Inclusionary Housing, UAP, actively participate in and lead discussions on improving program processes to increase efficiency and effectiveness; participate in requirements gathering, testing, and other processes with HPD Tech to support the development of new applications.
Manage administrative functions such as setting productivity goals, tracking, reporting and compliance.
Respond promptly to requests for information and oversee the production of detailed reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects, as needed.
Use sound judgment in flagging politically sensitive and complex inquiries for the Assistant Commissioner and/or other senior staff, and in interacting with outside parties, including other agencies and developers and their agents.
In partnership with the Director of Inclusionary Housing, UAP and Assistant Commissioner, serve as the program's liaison and representative to developers, banks, architects, attorneys, Community Boards, local organizations and other government agencies.
Communicate any personnel issues to the Assistant Commissioner and Director of Inclusionary Housing, UAP in a timely manner.
Collaborate with other HPD divisions to achieve agency goals, as well as to identify, monitor and/or resolve project, program, and policy issues.
Preferred skills:
Candidates should have a record of achieving results in a fast-paced environment, experience managing programs as well as seeking ways to improve programs and procedures, strong financial analysis skills including financial modeling and financial statement analysis, strong managerial experience, and be detailed-oriented, self-motivated, and able to manage multiple projects and meet deadlines. Candidates should also demonstrate strong verbal and written communication skills.
Preference will be given to candidates with:
A proven track-record of closing real estate transactions; a strong financial background, including underwriting experience
Knowledge of real estate development, affordable housing finance, various state, local, and federal affordable housing programs and guidelines, and knowledge of HPD development programs
Demonstrated analytical skills, and ability to work effectively with others to obtain results promptly
Demonstrated experience performing complex financial analyses; capability of utilizing and developing complex spreadsheets
Excellent judgment and decision-making skills
Excellent interpersonal skills; ability to work effectively in collaboration with and in the supervision of others
Strong facility with Microsoft Office Suite (Excel, PowerPoint, OneNote, Outlook, Visio, Word) required
Candidates with a graduate degree in city planning, real estate development, urban studies, business or public administration, finance, architecture, engineering, or other related field are strongly preferred
PLEASE NOTE The position is open to applicants who are already permanent in the Associate Housing Development Specialist title, passed Associate Housing Development Specialist exams #3053 or #3514 or permanent in another comparable civil service title.
ASSOCIATE HOUSING DEVELOPMENT - 22508
Qualifications
1.A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs; or
A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in "1" above; or
3.A satisfactory combination of education and/or experience which is equivalent to "1" or "2" above. Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience. Graduation from an accredited law school may be substituted for one year of the required experience. However, all candidates must have at least two years of experience as described above.
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
Salary Min: $100,000.00
Salary Max: $100,000.00
